Book Keeping For Long Distance BRRRR
Hope everyone out there is doing well and crushing deals.
Looking at the potential of doing a Long Distance BRRRR. One property as of now, either SF or SMF. Financing 80% of the purchase and all of the rehab costs thru hard money lender. Putting down 20% + other closing fees in cash. Opening up a separate business bank account (checking and savings) and using a property management. Is the bank statements and property manager's reports solid to use for both the tenant management/property management tracking as well as the book keeping/accounting? Would it make sense to use one of the programs out there for this? (IE: Quickbooks, Stessa, Cozy, other?)